USD/CAD weekly special report based on 1 Lot Calculation:
TECHNICAL ANALYSIS:
- DAILY MOVING AVERAGES POINT TO DOWNTREND: USD/CAD has recently traded below the 20- and 50-Day Moving Averages, pointing to an ongoing downtrend. However, USD/CAD could also change its trend if prices rise above the 20- and 50-Day Moving Averages.
- LONGER-TERM TREND CHANNEL: The blue-lined downtrend channel depicted by the chart below shows that USD/CAD has maintained its downtrend in general since early 2025.
- RESISTANCE AND SUPPORT LEVELS: USD/CAD has remained in a downtrend, looking at Support 1 of 1.3530, Support 2 of 1.3400, and Support 3 of 1.3300 to the downside. On the upside, USD/CAD looks at Resistance 1 of 1.3730, then towards Resistance 2 of 1.3800 and Resistance 3 of 1.3850.
GRAPH (Daily): November 2024 – June 2025
Please note that past performance does not guarantee future results
EVENTS (CANADA):
- WEDNESDAY, JULY 2, AT 14:30 GMT+1: CANADA MANUFACTURING PURCHASING MANAGERS INDEX (PMI): A higher-than-expected reading could be negative for the currency pair, because it would signal fewer interest rate cuts by the Bank of Canada, strengthening the Canadian dollar. This data measures the activity of purchasing managers in the manufacturing sector. The result for the previous month was 46.1, which was higher than for the month before (45.3).
EVENTS (UNITED STATES):
- TUESDAY, JULY 1, AT 15:00 GMT+1: US ISM MANUFACTURING PURCHASING MANAGERS INDEX (PMI): A lower-than-expected reading could be taken as negative for the USDCAD, as it would signal more interest rate cuts by the FED. This data represents monthly replies to questions by US purchasing and supply executives in over 400 companies. The result for the previous month was 48.5, which was lower than for the month before (48.7)
- THURSDAY, JULY 3, AT 13:30 GMT+1: US NON-FARM PAYROLL (NFP) AND UNEMPLOYMENT RATE (JUNE): A lower-than-expected NFP reading could be taken as negative for the USDCAD currency pair, because a weaker US economy could exert negative pressures on the US dollar. This data measures the change in the number of people employed during the previous month, excluding the farming industry. The data for the previous month stood at 139,000, which is lower than for the month before (147,000).
USD/CAD June 27, 2025
Current Price: 1.3640
USD/CAD |
Weekly |
Trend direction |
|
1.3850 |
|
1.3800 |
|
1.3730 |
|
1.3530 |
|
1.3400 |
|
1.3300 |
Example of calculation based on weekly trend direction for 1 Lot1
USD/CAD |
||||||
Pivot Points |
||||||
Profit or loss in $ |
-1,539 |
-1,173 |
-660 |
806 |
1,759 |
2,492 |
Profit or loss in €2 |
-1,315 |
-1,002 |
-563 |
689 |
1,502 |
2,128 |
Profit or loss in £2 |
-1,120 |
-853 |
-480 |
587 |
1,280 |
1,813 |
Profit or loss in C$2 |
-2,100 |
-1,600 |
-900 |
1,100 |
2,400 |
3,400 |
1. 1.00 lot is equivalent of 100,000 units
2. Calculations for exchange rate used as of 13:15 (GMT+1) 27/06/2025
There is a possibility to use Stop-Loss and Take-Profit.
- You may wish to consider closing your position in profit, even if it is lower than suggested one.
- Trailing stop technique could protect the profit.